The De-Fi TVL is about to break this year ATH.

in hive-103599 •  11 months ago  (edited)

1000009091.jpg

Source: DeFiLlama

Last year was a terrible year for crypto investors. The De-Fi(Decentralized Finance) TVL(Total Value Locked) had been shrinking during 2021. This year, it's been recovering, and about to break this year ATH(All Time High), which means cash flow of De-Fi market participants has been increasing.

The De-Fi theme started getting noticed since 2020. I noticied the scene before 2020. I started the SocialFi(SocialFinance) using STEEM De-Fi such as voting bots and SP(STEEM Power) delegation services since 2018. At that time, I vaguely looked forward to the SocialFi will be expaneed afterwards. However, it was faster than expected.

Now, there are many types of De-Fi coins such as governance coins of decentralized swap and bank platforms like Uniswap(UNI) and MakerDAO(MKR), and so on. I think the De-Fi scene is now the beginning of journey. It's a baby Industry. So, I think it will be exponentially growing again for a next mega bullish market.

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Sort Order:  

This comment is for rewarding my analysis activities. Upvoting will be proceeded by @h4lab

  ·  11 months ago Reveal Comment
  ·  11 months ago Reveal Comment